Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsLatest reported annual revenue changed -8.7% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -8.7% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
- Operating margin compressed
Operating margin changed -3.0 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- 2 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Free cash flow was positive
Latest reported free cash flow was $45M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- United States$2.22B92.9%-4.1% yoy
- Outside the United States$169M7.1%-44.3% yoy
Members sum to the consolidated $2.39B for this period.
- United States$546M92.6%-5.0% yoy
- Outside the United States$43.4M7.4%-35.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $2.4B | 69thof 3,301 top third | 71stof 778 top third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -8.7% | 13thof 3,135 bottom third | 12thof 743 bottom third |
Operating margin operating income ÷ revenue | -4.1% | 37thof 2,819 middle third | 37thof 752 middle third |
Net margin net income ÷ revenue | -4.3% | 36thof 3,263 middle third | 37thof 770 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 1.9% | 40thof 2,679 middle third | 31stof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -2.2% | 40thof 3,577 middle third | 41stof 720 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 68 days | 28thof 2,398 bottom third | 41stof 712 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 6.9× | 17thof 1,547 bottom third | 10thof 338 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -2.0% | 31stof 3,577 bottom third | 21stof 722 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 60 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Operating cash flow NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | quarter 2025-03-31 | $63K 10-Q 2025-05-05 | -$27.3M 10-Q 2026-05-04 | -43450.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | $575K 10-Q 2025-08-04 | -$7.49M 10-Q 2026-08-03 | -1403.0% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$4.23M 10-K 2025-02-28 | -$28.7M 10-K 2026-02-20 | -578.0% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2024-03-31 | $15.7M 10-Q 2024-05-07 | $2.91M 10-Q 2025-05-05 | -81.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | -$12M 10-Q 2024-08-07 | -$21.5M 10-Q 2025-08-04 | -79.1% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2024-12-31 | $65.5M 10-K 2025-02-28 | $15M 10-K 2026-02-20 | -77.1% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2025-12-31 | $50.3M 10-K 2026-02-20 | $19M 10-Q 2026-08-03 | -62.2% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | fiscal year 2023-12-31 | $190M 10-K 2024-02-29 | $77.3M 10-K 2026-02-20 | -59.2% | first · latest |
| Deferred revenue (non-current) ContractWithCustomerLiabilityNoncurrent | balance at 2020-12-31 | $1.5M 10-K 2021-02-17 | $700K 10-K 2023-03-01 | -53.3% | first · latest · 9 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | $16.3M 10-Q 2024-11-12 | $8.15M 10-Q 2025-11-03 | -50.1% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2020-12-31 | $275M 10-K 2021-02-17 | $138M 10-K 2023-03-01 | -49.9% | first · latest · 9 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2024-12-31 | $98.6M 10-K 2025-02-28 | $56.6M 10-K 2026-02-20 | -42.6% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$11.8M 10-Q 2021-05-10 | -$7.23M 10-Q 2022-05-10 | +38.9% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2023-12-31 | $143M 10-K 2024-02-29 | $93.6M 10-Q 2025-05-05 | -34.8% | first · latest · 6 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2023-12-31 | $141M 10-K 2024-02-29 | $93.6M 10-K 2026-02-20 | -33.8% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-06-30 | $950M 10-Q 2024-08-07 | $634M 10-Q 2025-08-04 | -33.2% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2023-12-31 | $4.37B 10-K 2024-02-29 | $2.92B 10-K 2026-02-20 | -33.1% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $930M 10-Q 2024-05-07 | $624M 10-Q 2025-05-05 | -32.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | $35.8M 10-Q 2025-05-05 | $24.1M 10-Q 2026-05-04 | -32.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $939M 10-Q 2024-11-12 | $642M 10-Q 2025-11-03 | -31.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $3.81B 10-K 2025-02-28 | $2.62B 10-K 2026-02-20 | -31.1% | first · latest |
| Goodwill Goodwill | balance at 2024-12-31 | $2.88B 10-K 2025-02-28 | $1.99B 10-K 2026-02-20 | -30.7% | first · latest · 5 filings carry it |
| Goodwill Goodwill | balance at 2023-12-31 | $3.02B 10-K 2024-02-29 | $2.14B 10-K 2026-02-20 | -29.3% | first · latest · 6 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2023-12-31 | $1.3B 10-K 2024-02-29 | $933M 10-K 2026-02-20 | -28.1% | first · latest · 9 filings carry it |
| Long-term debt LongTermDebtNoncurrent | balance at 2024-12-31 | $1.93B 10-K 2025-02-28 | $1.44B 10-K 2026-02-20 | -25.7% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-06-30 | $587M 10-Q 2025-08-04 | $443M 10-Q 2026-08-03 | -24.5% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-12-31 | $1.8B 10-K 2025-02-28 | $1.36B 10-Q 2026-08-03 | -24.2% | first · latest · 7 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-03-31 | $1.51B 10-Q 2024-05-07 | $1.14B 10-Q 2025-05-05 | -24.1% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2024-06-30 | $1.6B 10-Q 2024-08-07 | $1.22B 10-Q 2025-08-04 | -24.0% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $722M 10-K 2025-02-28 | $554M 10-K 2026-02-20 | -23.2% | first · latest · 5 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for PPLI yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.